FY2024 Earnings Forecast for GLAD Issued By B. Riley

Gladstone Capital Co. (NASDAQ:GLAD) – Investment analysts at B. Riley issued their FY2024 earnings estimates for Gladstone Capital in a research report issued on Tuesday, October 22nd. B. Riley analyst B. Rowe expects that the investment management company will earn $2.13 per share for the year. B. Riley currently has a “Hold” rating on the stock. The consensus estimate for Gladstone Capital’s current full-year earnings is $2.14 per share. B. Riley also issued estimates for Gladstone Capital’s Q4 2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.48 EPS and FY2025 earnings at $1.91 EPS.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, August 7th. The investment management company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $25.69 million during the quarter, compared to analyst estimates of $24.69 million. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%.

Gladstone Capital Price Performance

GLAD opened at $24.33 on Friday. The company’s 50-day simple moving average is $23.54 and its two-hundred day simple moving average is $22.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a market capitalization of $529.27 million, a P/E ratio of 8.82 and a beta of 1.26. Gladstone Capital has a 52-week low of $18.56 and a 52-week high of $25.29.

Gladstone Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.165 dividend. This represents a $1.98 annualized dividend and a yield of 8.14%. The ex-dividend date of this dividend is Friday, December 20th. Gladstone Capital’s dividend payout ratio is currently 71.74%.

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds have recently added to or reduced their stakes in GLAD. Newbridge Financial Services Group Inc. purchased a new position in shares of Gladstone Capital in the 2nd quarter worth $32,000. nVerses Capital LLC bought a new stake in shares of Gladstone Capital during the 2nd quarter valued at about $37,000. Register Financial Advisors LLC bought a new stake in shares of Gladstone Capital during the 1st quarter valued at about $69,000. National Bank of Canada FI purchased a new stake in shares of Gladstone Capital during the 2nd quarter valued at about $98,000. Finally, Atomi Financial Group Inc. lifted its stake in shares of Gladstone Capital by 10.4% in the 1st quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after purchasing an additional 2,612 shares during the period. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.